This article from China Daily gave more information about the new rules regarding foreign investment in Chinese media:
“Warner (China) also revealed that the joint venture will make two to three movies and one TV series every year for the next five years.
The production company will mainly produce Chinese language movies and TV series.
The film and TV works to be made by the venture are subject to the same film screening procedures as other domestic films.
The deal has been hailed by industry analysts as history-making, both for the Chinese film industry and for the leading player in global movie businesses.”
Thanks to Ellen Sander for the link.